Jos. A. Bank, Men's Wearhouse Ink $1.8B Merger Deal

Law360, New York (March 11, 2014, 12:32 PM EDT) -- Jos. A. Bank Clothiers Inc. said Tuesday it would merge with rival Men's Wearhouse Inc. in a $1.8 billion deal, closing out a bitter five-month saga less than two weeks after the retailers finally met at the bargaining table.

Under the terms of the all-cash deal, Jos. A. Bank stockholders will receive a $65-per-share payout, a 56 percent premium over its share value before the merger fight became public in October — widely considered the figure they had been eyeing since Men's Wearhouse launched a high-profile...